Candidate Trump Said Stock Market Under Obama was Bubble by Ridiculously Low Interest Rates Propped Economy


During his campaign for the presidency in 2016, Trump declared that the rising stock market under president Obama was just a manifestation of the historically low interest rates maintained by the Fed to compensate for the Democrats’ failed economic policies, that therefore the stock market was a bubble ready to pop, yet upon becoming president Trump, the market zoomed up despite rising interest rates, this recent hiccup apparently just that, which certainly says a lot for Trump’s agenda so far.